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A companys dividend grows at a constant rate of 4 percent p.a.. Last week it paid a dividend of $6.83. If the required rate of

A companys dividend grows at a constant rate of 4 percent p.a.. Last week it paid a dividend of $6.83. If the required rate of return is 15 percent p.a., what is the price of the share 4 years from now? (round to nearest cent)

Select one:

a. $75.54

b. $72.64

c. $43.19

d. $112.94

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